Morgan Stanley Maintains Equal-Weight on Travelers Companies, Raises Price Target to $216
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Michael Phillips maintains an Equal-Weight rating on Travelers Companies (TRV) and raises the price target from $214 to $216.
May 10, 2024 | 3:53 pm
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Morgan Stanley has maintained its Equal-Weight rating on Travelers Companies but increased the price target from $214 to $216.
The increase in price target by Morgan Stanley suggests a positive outlook on the stock's performance, potentially leading to a short-term increase in its stock price. The Equal-Weight rating indicates that the stock is expected to perform in line with the market or sector, but the raised target price signals specific optimism about Travelers Companies.
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IMPORTANCE 75
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